$[$The following information applies to the questions displayed below.$]$

The following is the post$-$closing trial balance for the Whitlow Manufacturing Corporation as of December $31,2023.$

Account Title Debits Credits

Cash $ $5,400$

Accounts receivable $2,400$

Inventory $5,400$

Equipment $11,400$

Accumulated depreciation $ $3,900$

Accounts payable $3,400$

Accrued liabilities $0$

Common stock $9,000$

Retained earnings $8,300$

Sales revenue $0$

Cost of goods sold $0$

Salaries expense $0$

Rent expense $0$

Advertising expense $0$

Dividends $0$

Totals $ $24,600$ $ $24,600$

The following transactions occurred during January $2024$:

January $1$ Sold inventory for cash, $$3,900.$ The cost of the inventory was $$2,400.$ The company uses the perpetual inventory system.

January $2$ Purchased equipment on account for $$5,900$ from the Strong Company. The full amount is due in $15$ days.

January $4$ Received a $$200$ invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January $2.$

January $8$ Sold inventory on account for $$5,400.$ The cost of the inventory was $$3,200.$

January $10$ Purchased inventory on account for $$9,700.$

January $13$ Purchased equipment for cash, $$900.$

January $16$ Paid the entire amount due to the Strong Company.

January $18$ Received $$4,800$ from customers on account.

January $20$ Paid $$900$ to the owner of the building for January$$s rent.

January $30$ Paid employees $$3,400$ for salaries for the month of January.

January $31$ Paid a cash dividend of $$900$ to shareholders.

$1.$ & $3.$ Enter the beginning balances as of January $1,2024$ and post the entries to T$-$accounts.

Note: Enter the date of the transaction in the column next to the amount.